Homes for sale - 16 E Gabilan ST, Salinas, CA 93901

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Scott D. Comstock

scott@homesandwealth.com +1(559) 681-9500

$ 4,200,000

Est. payment | -/mo

11,341 SqFt

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$ 4,200,000

Est. payment | -/mo

Save

11,341 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 11,341 sqft

Price per Sqft $370

MLS Listing ID ML81987355

Year Built 1930

Lot Size 4,309 Sqft

Property Description

VNP Commercial is pleased to present the Sale of 16 E Gabilan St in Salinas, CA. The subject property is a historic 3-story Hotel built in 1930 in Oldtown Salinas situated on a 0.10 acre lot. The ground floor consists of two Retail spaces currently occupied by a restaurant operator and a coffee shop which occupy a total of approximtely 3,479 square feet. The 2nd and 3rd floors are a total of 32 rentable rooms plus 1 on-site manager apartment unit (2bd/1ba) for approximately 8,119 square feet. The building is located in an approved Opportunity Zone in which CA State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment (please verify with your tax professional). The building is also approved for the US Department of Labor H-2A program which provides agricultural workers housing accommodations. The Hotel is conveniently located in Oldtown Salinas near restaurants, shopping, nightlife, entertainment, and heavy foot traffic. Public transportation is within walking distance to nearby bus and train stations. Please call for current financials and pricing details.

Location

State CA

County Monterey

Area Ss

Building/Complex Name Traveler's Hotel

Zoning C-1

Interior

Heating Central Forced Air - Gas

Cooling Window / Wall Unit

Exterior

Parking Features No Parking

Utilities Available Public Utilities

Roof Type Concrete

Present Use Hotel/Motel,Mixed,Retail

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Restrictions Parking Restrictions

Tax ID 002-234-002-000

Security Features None

Special Listing Condition Not Applicable

Listed by Joe Villanueva • Villa Nueva Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 681-9500

scott@homesandwealth.com

Serving ALL of California, United States

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